in relation to: amounts misappropriated by an employee or agent; the capital gains tax market value substitution rule for interests in certain companies and trusts; exempting from income tax the Endeavour Executive Award and research fellowships under the Awards program; early completion bonuses for apprentices; the list of deductible gift recipients; deductions for capital expenditure for the establishment of trees in carbon sink forests; tax-free grants under the Tobacco Growers Adjustment Assistance Programme 2006 to certain tobacco growers; and income tax exemptions for rent assistance paid to Austudy recipients and Carer Adjustment Payment recipients;

Superannuation Guarantee (Administration) Act 1992

in relation to extending the superannuation guarantee late payment offset;

Income Tax Assessment Act 1997

and

Income Tax (Transitional Provisions) Act 1997

in relation to tax-free superannuation lump sums paid to persons with a terminal medical condition;

Income Tax Assessment Act 1936

and

Income Tax Assessment Act 1997

in relation to extensions of the beneficiary tax offset to the Equine Workers Hardship Wage Supplement Payment; and

to: provide private health insurance policy holders with capital gains tax relief when insurers demutualise; limit lineal descendants to children or grandchildren of the test individual or their spouse; and remove the ability for family trusts to make a variation to the test individual specified in a family trust election. Also makes technical amendments to eight other Acts.

to: exempt from income tax foreign employment income derived by an Australian resident employed as an aid worker, a charitable worker, a defence or police deployment, and activities prescribed by regulation;

to require that input tax credits and fuel tax credits are claimed within a four year period;

A New Tax System (Goods and Services) Tax Act 1999

,

A New Tax System (Wine Equalisation Tax) Act 1999

and

Taxation Administration Act 1953

to enable residents of Australian external territories to claim refunds of good and services tax (GST) and wine equalisation tax under the tourist refund scheme;

A New Tax System (Goods and Services Tax) Act 1999

and

Taxation Administration Act 1953

to enable certain intermediaries to act as a principal for GST accounting purposes;

A New Tax System (Goods and Services Tax) Act 1999

in relation to: clarification of the calculation of the gambling operator’s margin when the supplies made by the operator are GST-free; and the treatment of supplies and acquisitions between associates without consideration; and

to: provide for a 20 per cent reduction of the pay as you go (PAYG) instalment for the quarter that includes 31 December 2008 for certain small business taxpayers; and include a regulation making power to allow the amount of the PAYG instalment to be reduced in the future in circumstances specified by regulations; the

Superannuation (Unclaimed Money and Lost Members) Act 1999

to make technical amendments and in relation to: dates for statements and payments of unclaimed money; unclaimed and lost member registers; and information, access and records; and six Acts to make consequential amendments. Also amends 13 Acts to expand income tests used to determine eligibility for a range of government financial assistance programs, including particular offsets and obligations to pay the Medicare levy surcharge.

Amends taxation laws in relation to: payments made by the Australian Prudential Regulation Authority, or by a liquidator, under the financial claims scheme; increased access to small business capital gains tax concessions; exemption from capital gains tax for capital gains or losses arising from a right or entitlement to a tax offset, deduction or similar benefit; refundable tax offsets for certain projects under the National Urban Water and Desalination Plan; the list of deductible gift recipients; the Australian Business Register and the register acting as the Multi-agency Registration Authority; removing the Greenhouse Challenge Plus Programme condition for fuel tax credits; and the exemption from tax for the Clean-up and Restoration Grants paid to small businesses and primary producers affected by the Victorian bushfires.